Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.

SIMMONS TO HONOR TRUMP: Russell Simmons’ Diamond Empowerment Fund, founded in 2007, will host its first annual Good Awards tonight at the Empire Hotel in New York. The nonprofit organization seeks to raise awareness, support education initiatives and empower those that live in African nations where diamonds are a natural resource. The evening’s honorees include Ivanka Trump; Varda Shine, chief executive officer of the Diamond Trading Co.; Edward Hrabak, senior vice president, merchandising and general marketing manager, Sterling Jewelers Inc., and Rebecca Foerster, manager of the U.S. representative office of Rio Tinto Diamonds.

“It has been particularly important to me to make the commitment to be a socially responsible fine jewelry brand with an environmentally conscious bridal collection. I have great respect for the Diamond Empowerment Fund and the work they do, and I feel extremely blessed to be recognized by my peers, specially considering we are such a young brand in a well-established industry,” said Trump, who will receive the Newest and Brightest Award for her work with eco-friendly diamonds.

WWD's Ultimate Holiday Gift Guide is brought to you by @styleontherise and is complete with the perfect presents for everyone on your list. Click the link in our bio to start shopping NOW. #WWDHoliday #Sponsored

@rebeccaminkoff is bringing self-checkout to high fashion: The brand has partnered with @queuehop to bring its customers self-checkout options, beginning this holiday season at its SoHo store. (📷: @aurorarosephoto)

It was a big night for Demna Gvasalia at the Fashion Awards 2016 in London: The designer took home the award for international ready-to-wear designer for his work at @balenciaga, while his brand @vetements_official scooped international urban luxury brand. (📷: @giovanni_giannoni_photo)